From time to time, you may need to change the designation, compensation, or both for employees. Learn how Multiplier helps you with this:
Log in to Multiplier using your credentials.
From the left sidebar, select Administration > Compensation revision.
In the Compensation & Designation Revision screen, select Add.
Use the drop-down under Team Member to select the team member for whom you wish to increase the compensation or change the designation.
Select next to Compensation
Revise Designation: Enter the new designation under Job Title.
Revise Compensation: Enter the new compensation under Amount.
If required, update the additional compensations. Ensure that you have entered the start and end dates correctly.
To finalize the compensation update, first, navigate to the Review compensation update details section to examine the updated information. Then, specify whether a signature is required from the Signatory and the Employee by selecting Yes or No.
Note: Signatures are optional if compensation is increased.
Add the Effective date.
Select Save Changes.
Review the changes and then select Send to Signatory.
next to Compensation
